Singapore-Based BitFuFu, Backed by Bitmain, Starts Trading on Nasdaq

BitFuFu, a Singapore-based Bitcoin cloud power service provider backed by Bitmain and AntPool, has completed a SPAC merger and began trading on Nasdaq on March 1. The company reported revenue of $134.2 million in the first half of 2023, managing 131,000 mining machines with a hashrate of 15.2EH/s. The merger with Arisz Acquisition Corp marks BitFuFu's transition into a publicly traded entity, aligning with the company's growth strategy and the increasing interest in cryptocurrency. The platform's debut on the Nasdaq coincides with Bitcoin nearing its all-time high of almost $69,000.